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Marrache bros back in custody, assets frozen

I would like to refer to the comment above dated 22 Feb 10 7:04pm. unfortunately (hearsay) history repeats itself. From the publicity and general hearsay about town in Gibraltar and generally, a possible impression which is evident is that Gibraltar Plc has obviously decided that all the Marrache Brothers are guilty. What has happened to the Rule of Law? The Brothers have not been convicted but their business is being carved up. The Chief Justice has appointed four or five of the largest law firms in Gibraltar, to in essence, share out the files of Marrache & Co legal clients. We all hope that these firms will share the good and the bad clients equitably? We all hope that the Honourable representatives of these legal firms will enter and diversify Marrache & Co without greed and will publically inform us how the clients have been shared out - the good profitable client and the not so good (the legally painful client). History will tell whether these firms are equitable and fair in this sad situation. It is opined that it could be argued that these brothers have been convicted before being brought before the justice system. Publicity or even hearsay shows that the evidence is overwhelming but please let’s hear their defence before destroying them! What if for some extraordinary event or reasonable argument they are not convicted? The Witch Hunt argument will win and it will be detrimental to Gibraltar Plc - for miss management of the affair. Over the last two years, Gibraltar as a financial center has been growing to be acknowledged internationally as a potential force. How Gibraltar Plc deal with this matter will dictate the future of the Plc as a financial institution. The newly appointed Chief Justice of Gibraltar, generally well admired by the Gibraltar legal community for his honourabilty, is an ex employee of Marrache & Co. If in the event that the Chief Justice ultimately hears the case and there is a conviction beyond reasonable doubt, Gibraltar Plc does not want to have arguments, publicity and even appeals with allegations of prejudice as a result of the way the case has been dealt with - simply as a result of the relationship of the Chief Justice and the Brothers. We all heartedly feel sorry for the family and especially the respective children. If you actually know the Marrache Brothers, individually they are not bad people at all. Their arrogance has become them. This arrogance and ultimate makings of grandeur has blinded them over the past years.

26-Feb-2010

0:39 am